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TOM PLANTS HOUSTON REAL ESTATE BLOG

THE SOURCE OF VITAL INFORMATION ABOUT HOUSTON'S CLOSE-IN NEIGHBORHOODS

By Tom Plant | Broker in Houston, TX
  • HOUSTON ASSOCIATION OF REALTORS® RELEASES MAY HOME SALES DATA

    Posted Under: Market Conditions in Houston  |  June 14, 2011 5:02 PM  |  7,227 views  |  1 comment

    The official home sales statistics for May in Houston have been released by HAR. As you read here earlier, single family home sales in May totaled 5,043, a decline of 11.9% compared to May 2010. However, this was 8.9% higher than April 2011.

    I expect June to be another tough month in comparison to 2010. June 2010 was the final month for closing a home purchase and receiving the Home Buyer Tax Credit. Pending sales, a leading indicator for home sales, increased in May. Pending sales for single family homes stood at 3,418 in May, up 7.8% from April 2011 and up a significant 38% compared to May 2010.

    The number of new single family listings in May was 9,172, down 5.1% from April 2011. Current inventory is 8.2 months. A level of 6 to 7 months is considered stable. A level of 8.2 months is a slight Buyers’ market. This level will vary significantly by market area.

    I know that for many of you my reciting all of these numbers make your eyes glaze over. What the statistics tell me is that while the market is not a strong one, we are not doing nearly as badly as the headlines make out. With Houston’s continued job growth and no new natural disasters, we are poised for a relatively strong second half of the year. July will be an important month. I predict that home sales in July will be significantly higher than in July 2010.

    These numbers are the “macro” view of the Houston market. Sales performance varies greatly in each market area. In the coming days I will focus on some of the more important markets Inside Loop 610.

    Shown below is the graph I provide each month of numbers of single family home sales, pending sales and homes currently on the market.

    HOUSTON SINGLE FAMILY HOME SALES, PENDING SALES AND CURRENTLY ON THE MARKET

  • HOUSTON HOME SALES – HIGHER PRICED HOMES CONTINUE TO SELL WELL

    Posted Under: General Area in Houston, Home Buying in Houston, Home Selling in Houston  |  March 12, 2011 11:14 AM  |  8,412 views  |  1 comment

    Tom Plant's Houston Real Estate Blog

    In the last six months of 2010, Houston saw homes priced in all price ranges over $350,000 outperform previous months while sales of homes priced under $350,000 declined compared to the prior year. This trend has continued in the first two months of 2011, but not to the extreme seen in 2010.

    During the first two months the number of homes sold priced under $350,000 was even with the prior year. The number of homes sold priced over $350,000 was 10% higher than 2010. The increase was seen in all price ranges over $350,000, but was especially strong in the $750,000 to $1,000,000 range.

    Next, I will look at how sales inside Loop 610 compared to the areas further out.

  • HOUSTON HOME SALES IN FEBRUARY NEAR 2010 LEVEL

    Posted Under: Market Conditions in Houston, Home Buying in Houston, Home Selling in Houston  |  March 10, 2011 9:53 AM  |  8,353 views  |  No comments


    Tom Plant's Houston Real Estate Blog

    When Houston Association of REALTORS® (HAR) releases home sales results for February, the number of single family homes sold will be down 2.2% from February 2010. In February, 72 fewer homes were sold than in the same month in 2010.

    Pending sales increased 3.3% from January and declined 4% compared to 2010. The number of homes actively on the market increased less than 0.5% or 157 homes. This indicates the market is strengthening a little.

    These are “macro” statistics that cover the very large Houston metro area. The activity varies significantly from market to market within the metro area. Contact me if you have questions about a specific market.

    If you or anyone you know is thinking of buying or selling a home, give me a call or send me an e-mail. Let me demonstrate how my proven real estate expertise, extensive business experience, detailed analysis and commitment to the best interest of my client will benefit you in your real estate transaction.

    Based upon information from the Houston Association of Realtors® or its MLS for the period January 1, 2000 to present.

  • POPULAR KITCHEN REMODELING TRENDS

    Posted Under: General Area in Houston, Home Selling in Houston  |  March 9, 2011 4:38 PM  |  8,143 views  |  No comments


    Tom Plant's Houston Real Estate Blog

    Remodeling kitchen trends are creating stylish kitchens with cleaner lines, built-in dining, and pops of color, according to a recent article in RISMedia.

    Here are some recent trends in kitchens across the country.

    1. Built-in dining areas. Eat-in kitchens are in high demand as more remodelers are opting for extensions in counters that resemble a table, either in lower or higher height to the countertop. The counter extension is different than bar seating because diners can sit around the edge and face one another, and not just sit in a row. The counter extension saves space, offers an extra buffet service, and more kitchen storage, says Deanna Carleton of Kitchen Design Group.

    2. Dressing up the kitchen with lighting. An affordable way to upgrade a kitchen is just by switching out the lights, designers say. For example, hand-blown glass shades on pendant lights, contemporary drum shades, and chandeliers can quickly update a kitchen. Layers of light continue to be popular, such as with a ceiling lighting fixture combined with under-counter lighting as well as ambient lights behind a glass-front door, designers say. LED under-counter lighting and LED recessed ceiling lights are also popular.

    3. Pops of color. Neutral colors in the kitchen is the safe preference, but more kitchens are adding bolder pops of color–such as in persimmon or pomegranate–to spice up the kitchen. Colored knobs, kitchen accessories, and even appliances are bringing in these pops of color. Designers say pops of color can also be brought in by the fabric choice in kitchen window seats, the upholstered seats, or window valances.

    4. Striving for simplistic luxury. Clean lines and transitional designs are “in” while ornate Tuscan and French country kitchen styles are falling out of favor in the kitchen. Betty Nairn of Cabinet-S-Top in Granger Township, Ohio, says “simplistic luxury” is the kitchen trend nowadays.

    Source: “8 Areas to Pay Attention to When Updating Your Kitchen,” RISMedia (March 5, 2011)

  • SELECTIVE FIRST-TIME BUYERS CAN MISS DEALS

    Posted Under: Home Buying in Houston  |  March 9, 2011 6:35 AM  |  7,975 views  |  No comments


    Tom Plant's Houston Real Estate Blog

    Finding a “move-in ready” home was important to 87 percent of 300 first-time buyers recently polled by Coldwell Banker Real Estate. Some agents say first-timers are being more selective; and some are turning away from well-priced homes because they do not have granite countertops, they need a new carpet, or they have wall colors not to their liking.

    Zillow says higher down payments and stricter underwriting standards mean today’s buyers want to ensure their homes need few and inexpensive improvements.

    Agents believe HGTV and other cable channels have made buyers more knowledgeable about home design, but some worry that such programming also has given buyers unrealistic expectations.

    “You can’t have the big yard, the top-line updates and all that in a starter home,” says Cindy Westfall of Lake Oswego, Ore.-based Prudential NW Properties. “You’ve got to compromise somewhere or else you’ll never buy anything.”

    Source: “Picky First-Time Buyers May Lose Out on Great Deals,” Washington Post (March 5, 2011)

    © Copyright 2011 Information Inc.

  • BROKERS OPEN HOUSE – 2410 S MYSTIC MEADOW – 12:00 TO 2:00

    Posted Under: Home Buying in Houston  |  February 23, 2011 9:40 AM  |  8,091 views  |  No comments

    Tom Plant's Houston Real Estate Blog

    All Houston Real Estate agents are invited to see this wondedrful Lovett built home in the gated community of Hermann Lake Wednesday February 23 from 12:00 to 2:00. All agents attending will receive a $10 Starbuck Card.

     
    Single-Family ML #: 66744042 Status: A LP: $525,000
    SP: $
     
    County: HARRIS KM: 533F Area: 17 – Southwest LP/SF: $ 167.04  
    Addr: 2410 S MYSTIC MEADOW City: HOUSTON Zip: 77021-2254  
    Sub: HERMANN LAKE Year Built: 2001/Appraisal District PAR: Y  
    SqFt: 3143/Appraisal # Bedrooms: 4 / 4 FB/HB: 3/1    
    Style: Traditional Lot Size: 3140/Appraisal District DOM: 5  
    Garage: 2/Attached Garage Stories: 3 Taxes w/o Exemptions/Yr: $  10,611/2010    
    List Firm: GKPI01/Greenwood King Properties Office #:   (713)524-0888 Appt #:   (713)942-6806/Office  
    List Agent Name: tomplant/Tom Plant Agent Sell:/ Office Sell:/ Agent Cell:   (713)907-7302 Alternate #:   (713)942-6895/Direct Line
    Media:  18
    Agent Remarks: Lovett* construction inside Loop 610. Very convenient to Medical Center and Downtown. Great floor plan with living areas on first floor, bedrooms up. Former Lovett model with many builder upgrades*. HCAD shows 2,818 sf-recent appraiser measurement available to review shows 3,143 sf. *=per seller
    Dir: From Holcombe and Almeda, north on Almeda to Dixie. Right on Dixie to Hermann Lake on left. Turn left through gate.
    Physical Property Description – Public: Former Lovett model* in gated community inside Loop 610. Convenient to Medical Center, Downtown, Rice University and Museums. Living room, dining room, den and kitchen on first floor, hardwood floors, crown molding and plantation shutters throughout. Master and two bedrooms on the second floor with fourth bedroom or game room and full bath on third floor. Many builder upgrades throughout*. *=per seller


         
    Wed, Feb 23, 2011 10:11 AM Data Not Verified/Guaranteed by MLS
    Obtain signed HAR Broker Notice to Buyer Form
    Prepared by: Tom Plant


    2410 S MYSTIC MEADOW - TOM PLANT, GREENWOOD KING PROPERTIES - $525,000
  • NEW ON MARKET – HOUSTON’S MEDICAL CENTER, AREA – 2410 S MYSTIC MEADOW 77021

    Posted Under: General Area in Houston, Home Buying in Houston  |  February 23, 2011 2:56 AM  |  8,276 views  |  No comments

    Tom Plant's Houston Real Estate Blog

    2410 S MYSTIC MEADOW - TOM PLANT, GREENWOOD KING PROPERTIES - $525,000

    Former Lovett model* in gated community inside Loop 610. Convenient to Medical Center, Downtown, Rice University and Museums. Living room, dining room, den and kitchen on first floor, hardwood floors, crown molding and plantation shutters throughout. Master and two bedrooms on the second floor with fourth bedroom or game room and full bath on third floor. Many builder upgrades throughout*. *=per seller

    $525,000

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